• expired

AmEx Cashback Credit Card - 10% Bonus Cashback ($200 Cap) or $120 Cashback ($1200 Spend) - First 3 Months - New Card Member Only

70

American Express is offering two choices of sign-up bonus, on their American Express Cashback Credit Card -

  • 10% Bonus Cashback (up to $200)

OR

  • $120 back (min. spend $1.2k)

For the first 3 months, when you apply online on this page by 23 August 2021 and are approved. T&Cs apply. New Card Members only.

Looks like this is a targeted Facebook offer that I got shown on Facebook. I have checked their website and can't see these offers on there. There disclaimer says "You must apply through the page to be eligible for these offers."

Card benefit details -

  • 1% Cashback per $1 spent (excluding Government Spend where you earn 0.5%)
  • 1.5% Bonus Cashback per $1 spent when you shop at participating Shop Small businesses (up to $200, until 31 March 2022)
  • Complimentary monthly BINGE Basic Subscription (valued at $10 per month)
  • Complimentary 12 month subscription to Centr Fitness App (valued at $119.99, offer ends 14 February 2022)
  • Amex Offers & Experiences
  • Smartphone Screen Insurance
  • Purchase, Refund & Fraud Protection
  • Access to American Express Plan It - break your monthly balance into 3/6/12 monthly instalments
  • Up 4 Additional Cards, at no extra fee

Important details -

Minimum Income - $40k
Monthly Fee - $10
Offer Ends - 23 August 2021

Referral Links

Business Explorer Card: random (1)

Referrer: 40,000 Reward Points
Referee: 110,000 Rewards Points with $3,000 spend in 3 months

David Jones Card: random (31)

Referrer: 15,000 Reward Points
Referee: 25,000 Reward Points with 3 purchases outside DJ in 1 month

Related Stores

American Express
American Express

closed Comments

  • +4 votes

    Big proviso in the T&Cs for the bonus cashback - "Card Members who currently hold or who have previously held any Card product issued by American Express Australia Limited in the preceding 18 month period are ineligible for this offer. "

  • +2 votes

    Wait but why would you ever pick the $120 option? If you hit the 1.2k minimum spend with the 10% option then you would've gotten $120 anyway, plus the possibility of earning $80 more.

    • +1 vote

      yeah. I don't understand that either. seems to be no downside to picking the 10% option

    • -1 vote

      Its the minimum spend what you wanna pick its confusing but its just your potential spend you either gotta spend min 1.2k with the $120 cb option or 2k min spend for the 10%

      • +1 vote

        No, it's not a 2k min spend for the 10% option. It says if you spend 2k then you get the full $200 cashback. See T&C 1a and compare it with 1b for the other option. 1a doesn't have a min spend

  •  

    Monthly fee - $10.

    The cashback credit cards in USA have no annual fees but not in Aus. Anyone knows why?

    •  

      Ever since they regulated credit card years ago the rewards on credit cards dropped in Australia significantly. They’ll never be as good as the cards in the USA anymore

    •  

      Interchange fees aren't regulated in the US, so rewards are a lot higher on cards (at the cost of it costing merchants more to accept card).

  •  

    So you basically don't start earning any cashback until after the first $1000 spend each month as that offsets the monthly fee? Am I reading that correctly?

    • +1 vote

      Looking at the card, yes. After the first 3 months it appears to be that

    • +1 vote

      Yes, unless you value the BINGE Basic Subscription I suppose

      •  

        Nothing about that offer appeals to me personally. And getting a credit ding for $90 isn't worth it.

        As far as the Binge subscription goes, I wouldn't touch it even if it was free.